Facebook announces new competition for Facebook Connect Apps

In addition to announcing the official launch of Facebook Connect for the iPhone this weekend, Inside Facebook is reporting that they have also announced a new round of the fbFund competition for developers building apps on the web, iPhone, desktop, or any platform with Facebook Connect.

Facebook’s Josh Elman announced at the Facebook Developers Garage in Austin that up to 50 developers will be selected as first round winners in May. From there, several finalists will be awarded up to $100,000 in the form of equity investments. The finalists will also be invited to spend the summer in a new incubator program being run by Dave McClure of Founders Fund, where they will also receive mentorship from Facebook engineers and executives.

Last year, there were over 600 applicants for the first year of the fbFund competition. As reported in December here, three of the five fbFund Grant winners had a Canadian connection – WedSnap’s Weddingbook, HitGrab’s MouseHunt, and Albert Lai’s Kontagent.

Interesting previously unreported sidenote: WedSnap sold their Weddingbook App to The Knot in January.